Ravi Lalwani: Can you provide information on corporate employee health insurance growth rate in India? Which regions have shown higher demand for corporate health insurance?
Biju Menon: The corporate employee health insurance sector is growing rapidly in India. This growth is driven by 2 main factors: the rise of new businesses, including SMEs and startups, and the expansion of existing large companies. As more businesses of all sizes are increasing their focus on employee benefits, including health insurance, the demand for corporate health plans has surged.
This trend is especially noticeable in cities with booming tech industries and industrial growth, such as Bengaluru, Hyderabad, and Pune. Major cities like Mumbai and Delhi are also seeing high demand. One major reason is rising medical costs. As healthcare becomes more expensive, both government and companies are working to improve and expand their group health insurance plans to better cover these increasing costs.
Which industry verticals have the highest demand for corporate employee health insurance? We are seeing particularly high interest in sectors that are experiencing rapid growth and expansion. Technology and IT companies, including startups and established tech giants, are leading the charge. These organizations are investing heavily in employee benefits to attract and retain top talent, driven by their rapid growth and competitive landscape.
この記事は Banking Frontiers の October 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Banking Frontiers の October 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
It's a bank and a brokerage - FinecoBank
FinecoBank of Italy is a highly tech-enabled bank that is a combination of a bank and a brokerage:
A model for cloud adoption - Zurich Cantonal Bank
The bank is had opted for cloud to offer better service to its customers:
RBI Governor urges NBFCs to adhere to fair practices code
The Reserve Bank of India (RBI) Governor has urged Non-Banking Financial Companies (NBFCs) to strictly adhere to the Fair Practices Code, emphasizing sustainable growth and robust risk management in the sector.
Automated, Adaptive, Al-enabled Architecture is a must
Security heads from 2 BFSI companies reveal the key cyberfrauds and strategies to combat them:
Fraudsters too gain ground as real-time payment systems grow
There is a need for the technologies behind the real-time payment systems to gain a march over the methods of fraudsters:
Ethics & Challenges of AI in Cyber security: Navigating the Moral Maze
Even as AI is finding its place in the cyber security domain, an entirely new frontier of ethical challenges awaits.
Bangladesh Finance: 25% faster customer service; 15% higher customer retention
Bangladesh Finance, established in 1999, is a leading financial institution in Bangladesh.
Fino sparkles with technology & brand upshift
Fino Payments Bank started operations in June 2017, providing banking services to mass market customers, who are largely rural-based.
Savington Upshifts: 48% Faster, Churn down 31%
Savington International Insurance Brokers LLC, founded in 2006 by Dev Maitra, is a prominent insurance provider in the UAE.
Zoroastrian Bank: Multiple awards for being the Best
Established in 1927 by Sir Hormusjee Cowasjee Dinshaw Adenwalla, Zoroastrian Bank is a prominent urban cooperative bank headquartered in Mumbai, India.
